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De La Rue sells Cash Systems for Pounds 360m
Independent, The (London), Jun 17, 2008
Business News IN BRIEF
*The world's biggest printer of banknotes, De La Rue, has agreed to sell its Cash Systems business to the private equity group Carlyle for 360m in cash. The company intends to return 460m to shareholders after the deal, equivalent to 305p per share. The figure includes the 160m capital return, which it had already announced alongside its full-year results on 22 May. De La Rue also said it planned to raise significantly its dividend distributions. Cash Systems makes cash-handling equipment such as automated teller machines and coin counters for banks and retailers.
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